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Coppermoly Ltd.
Summary
| Project: | Mt Nakru | |
|---|---|---|
| Deposit: | Mt Nakru | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Copper-Lithium-Lead-Sulphur-Zinc-Silver-Arsenic-Molybdenum-Bismuth | |
| Date: | 3/16/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-3-2017: Coppermoly Ltd. announces an Exploration/Drilling Update report for its Mt Nakru deposit at the Mt Nakru project. Drilling results incl. 56.0m @ 1.95% Cu from 60.00m. Coppermoly Ltd (Coppermoly or the Company) is pleased to announce that it has | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Donald Macansh (Internal) | |
| ABSTRACT: | Coppermoly Ltd (Coppermoly or the Company) is pleased to announce that it has completed its exploration drilling program at the Company’s most advanced project, EL 1043 the Mt Nakru Copper-Gold project. A total of 14 diamond core holes were drilled during the program for a total of 2,900.2 metres as part of an infill drilling program aimed at upgrading the resource to an indicated category at Nakru 1 and testing the extension of mineralisation at Nakru 2. The drill program was completed as planned and there were zero lost time injuries. Coppermoly Director, Dr Wanfu Huang said: “It is very pleasing to report that the drilling program announced in October 2016 has been successfully completed without incident. Results are starting to arrive, and will be released as they are certified by the Laboratory. I must commend the team for completing this program on time and within budget, considering it was progressing through the height of the wet season. Results to date are encouraging for the Company to plan the next phase of exploration to define economic resources in the project area.” | |
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